SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Buys Shares of 37,567 Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM)

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 37,567 shares of the investment management company’s stock, valued at approximately $323,000.

A number of other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC acquired a new stake in shares of Cornerstone Strategic Value Fund during the fourth quarter worth approximately $1,022,000. Independent Advisor Alliance bought a new position in shares of Cornerstone Strategic Value Fund during the 4th quarter valued at about $298,000. Raymond James Financial Inc. acquired a new position in shares of Cornerstone Strategic Value Fund during the fourth quarter worth about $2,678,000. Assetmark Inc. acquired a new stake in shares of Cornerstone Strategic Value Fund in the fourth quarter valued at about $60,000. Finally, Anfield Capital Management LLC bought a new position in shares of Cornerstone Strategic Value Fund in the 4th quarter valued at about $56,000.

Cornerstone Strategic Value Fund Trading Up 0.3 %

CLM stock opened at $7.72 on Wednesday. The stock’s fifty day moving average price is $8.52. Cornerstone Strategic Value Fund, Inc. has a fifty-two week low of $6.50 and a fifty-two week high of $9.30.

Cornerstone Strategic Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.1224 per share. This represents a $1.47 dividend on an annualized basis and a yield of 19.03%. The ex-dividend date of this dividend is Monday, June 16th.

Cornerstone Strategic Value Fund Company Profile

Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies.